Financial compensations need to be large to reduce vaccine hesitancy
Willingness to vaccinate is critical in overcoming the COVID-19 pandemic. About 45 percent of Americans are not vaccinated and among those vaccinated, less than 30 percent have received a booster. Financial incentives and other nudges have been used to help increase vaccination rates across the nation, but new research from the University of California San Diego's Rady School of Management reveals that compensations need to be large-;at least $100-;to reduce vaccine hesitancy.